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Goodwill and Intangible Assets, Net | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net Goodwill The activity in goodwill was as follows:
(in thousands) | Six Months Ended June 30, 2024
Balance, beginning of period | $ | 249,176 |
Addition from business acquisitions | 20,564 |
Foreign currency translation | (2,685) |
Remeasurement from provisional purchase accounting amount | 1,817 |
Balance, end of period | $ | 268,872 |
Intangible Assets Intangible assets, net consisted of the following:
| June 30, 2024
($ in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Foreign Currency Translation |  | Net |  | Weighted Average Remaining Amortization Period
Subscriber relationships | $ | 109,923 |  |  | $ | (37,983) |  |  | $ | (851) |  |  | $ | 71,089 |  |  | 6.5 years
Developed technology | 56,018 |  |  | (19,217) |  |  | (371) |  |  | 36,430 |  |  | 5.1 years
| $ | 165,941 |  |  | $ | (57,200) |  |  | $ | (1,222) |  |  | $ | 107,519 |  |  | 6.0 years
| December 31, 2023
($ in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Foreign Currency Translation |  | Net |  | Weighted Average Remaining Amortization Period
Subscriber relationships | $ | 105,228 |  |  | $ | (32,097) |  |  | $ | 724 |  |  | $ | 73,855 |  |  | 6.6 years
Developed technology | 48,843 |  |  | (15,669) |  |  | 315 |  |  | 33,489 |  |  | 5.0 years
| $ | 154,071 |  |  | $ | (47,766) |  |  | $ | 1,039 |  |  | $ | 107,344 |  |  | 6.1 years
The estimated future annual amortization expense related to intangible assets is as follows:
(in thousands) |
Remainder of 2024 | $ | 9,908 |
2025 | 19,689 |
2026 | 18,685 |
2027 | 18,211 |
2028 | 16,873 |
Thereafter | 24,153 |
Total future amortization | $ | 107,519 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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